Whither the 10-Year Rule?

Barnett, Susanna Duff
October 2004
Bond Buyer;10/27/2004, Vol. 350 Issue 31998, p1
Trade Publication
The article reports that the refusal by the U.S. House leaders two-and-a-half weeks ago to include a measure in the corporate tax package that would have partially repealed the 10-year rule for mortgage revenue bonds has put the future of the issue under a foreboding cloud. Bond market participants, many of whom are reassessing their priorities, say they want to continue to ask the U.S. Congress for a full repeal of the 10-year rule, which they have sought since it was enacted in 1988 and which has been a top legislative priority for the past four years. The bill would cost an estimated $2.2 billion over 10 years, according to unofficial estimates from the Joint Tax Committee.


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